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People started getting together and
exploring the idea that there was going
to be a revolution in technology which
    was going to change society so
   drastically (Wozniak 1986 cited in
       Heap, Thomas et al 1995).
Individuals perceive

                                  Information technology
    such revolution from      
                                  is seen to strengthen a
    acquisition of personal
                                  great variety of
    computers, direct
                                  communities of
    broadcasting by
                                  interest. Improved
    satellite, automated
                                  technology allows
    work or in the
                                  formation of many
    potential for push-
                                  new, smaller
    button democracy.
                                  communities of
    While differing over
                                  interest, and also
    details, though many
                                  allows existing, larger
    seem to agree that
                                  communities of
    bringing together
                                  interest power to attain
    computing with
                                  a transnational
    telecommunications
                                  character.
    spells the start of a
    new age.
 The high motivation of          New electronic data bases
                                   provide selective access to
  common interests,
                                   the specific information that
  combined with ease of
                                   people need. Information
  communication, allows
                                   technologies increasingly
  such communities of
                                   support service industries and
  interest and existing larger     contribute to the
  communities of interest          improvement of the quality
  the motivation to be             of service. These technologies
  extremely flexible and           create enormous job
  productive, thereby              opportunities in the area of
  contributing more to             software development and
  scientific, technological        production. Information
                                   technologies make life more
  and artistic progress in a
                                   convenient and efficient by
  greater number of areas
                                   permitting people to oppose
  than formal or
                                   manual labour by promoting
  governmental                     security and by providing
  organisations do.                everyday conveniences.
However, problems which have been and will be created by
information technologies are multi-fold. Significant
differences already exist in the amount of information
available in different regions, and these differences
could increase.


 In information-rich regions, the information supply is
  much larger than could be possibly consumed, yet in
  these regions, people have difficulty in obtaining
  precisely the information they need.

 Some governments in the information-poor regions may
  be weary of new information and reluctant to promote
  certain types of communities of interest, despite the fact
  that remote access to information-rich regions can be
  made by means of low-cost terminals.
With the emergence of the internet as a
communication and social interaction tool was
initially met with great hopes for revitalising the
flattering sense of community. However, the
disadvantage to internet interaction and “virtual”
social connections between people who may never
meet in person becomes a social liability.
 “Cyberspace” is termed as a    Cyberspace is known to
  virtual reality, one           bring possibilities of
  regarded to designate the      connectivity and openness.
  “substance” of the three-      It is a force in its own right,
  dimensional space              the uncanny autonomy of
  protected by the computer      which threatens the
  as bits of information,        sovereignty of the human
  rather than a physical         race if not used with
  territory.                     caution.
The Informational Economy: Knowledge and Cyberspace

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The Informational Economy: Knowledge and Cyberspace

  • 1. People started getting together and exploring the idea that there was going to be a revolution in technology which was going to change society so drastically (Wozniak 1986 cited in Heap, Thomas et al 1995).
  • 2. Individuals perceive  Information technology such revolution from  is seen to strengthen a acquisition of personal great variety of computers, direct communities of broadcasting by interest. Improved satellite, automated technology allows work or in the formation of many potential for push- new, smaller button democracy. communities of While differing over interest, and also details, though many allows existing, larger seem to agree that communities of bringing together interest power to attain computing with a transnational telecommunications character. spells the start of a new age.
  • 3.  The high motivation of  New electronic data bases provide selective access to common interests, the specific information that combined with ease of people need. Information communication, allows technologies increasingly such communities of support service industries and interest and existing larger contribute to the communities of interest improvement of the quality the motivation to be of service. These technologies extremely flexible and create enormous job productive, thereby opportunities in the area of contributing more to software development and scientific, technological production. Information technologies make life more and artistic progress in a convenient and efficient by greater number of areas permitting people to oppose than formal or manual labour by promoting governmental security and by providing organisations do. everyday conveniences.
  • 4. However, problems which have been and will be created by information technologies are multi-fold. Significant differences already exist in the amount of information available in different regions, and these differences could increase.  In information-rich regions, the information supply is much larger than could be possibly consumed, yet in these regions, people have difficulty in obtaining precisely the information they need.  Some governments in the information-poor regions may be weary of new information and reluctant to promote certain types of communities of interest, despite the fact that remote access to information-rich regions can be made by means of low-cost terminals.
  • 5. With the emergence of the internet as a communication and social interaction tool was initially met with great hopes for revitalising the flattering sense of community. However, the disadvantage to internet interaction and “virtual” social connections between people who may never meet in person becomes a social liability.
  • 6.  “Cyberspace” is termed as a  Cyberspace is known to virtual reality, one bring possibilities of regarded to designate the connectivity and openness. “substance” of the three- It is a force in its own right, dimensional space the uncanny autonomy of protected by the computer which threatens the as bits of information, sovereignty of the human rather than a physical race if not used with territory. caution.